In a September 2010 Manila bulletin article, the Banko Sentral ng Pilipinas (BSP) considers on disposing 4.95 million pieces of 2,000 Piso Estrada banknotes in Its Vault. Eventually, those pieces were shredded and destroyed but 50,000 pieces of which were demonetize and kept for historical, educational, numismatic purposes.
Over the years, there have been very few reports made about this note and it doesn’t offer us any photo references, but today it went online and even the banknote itself are up for grabs.
These banknotes are the so called “Erap notes” for it features former President Joseph “Erap” Estrada’s inauguration on 30 June 1998 at Barasoain Church in Bulacan. The notes were printed in 2000 and were to be circulated in 2001 the following year, but on the same year, President Estrada was removed from office.
An earlier and much larger version of it, is the 216mm x 133mm Estrada centennial commemorative note, a non-circulating legal tender note, released way back in 1998. Apart from the size, most features are basically the same. Both versions are currently being sold by BSP.
Former President Joseph “Erap” Estrada’s inauguration on 30 June 1998 at the historic Barasoain Church in Malolos Bulacan, BSP Seal.
Re-enactment of the Philippine independence rites at the Aguinaldo Shrine in Kawit, Cavite, on June 12, 1998. Former President Fidel Ramos with Philippine flag in hand together with former first lady Amelita Ramos.